5/31 Council AvenueRockingham WA 6168
Property Details for 5/31 Council Ave, Rockingham
Last Listing description (September 2024)
Empire Commercial Property are pleased to present 5/31 Council Avenue Rockingham For Sale.
This property is located right in the heart of Rockingham City; within a short walking distance to Rockingham City Shopping Centre, Cinema & Restaurant Precinct, and all other amenities that the Rockingham City Centre has to offer including the nearby Bus Station.
Currently leased to a quality tenant being Multiple Sclerosis of Western Australia (MSWA) since 2014. The current lease term expires in January 2025 with the tenant agreeing to extend for a further 2.5 years which includes a further 2.5 year option.
The property has been fitted out to meet Government Disability Standards, this property offers a solid and secure income stream for an astute investor.
Lease Terms
Current Rent: $76,102.52pa+GST
Current Outs: $17,065.00pa +GST (Payable by the tenant)
New rent at the option 1st of February 2025: $80,000pa +GST + Outs Fixed for the following year until option.
Other Features Include;
Building Area 325sqm
Dual entrance
Suit multiple Use (STCA)
Multiple office spaces
Kitchenette and pantry area
Storage Room
Staff Bathroom
Car Bays
For Further information please contact Harley Van Der Wielen on 0410 680 783/ harley@empireproperty.com.au or Tim Stewart on 0419 834 988/ tim@empireproperty.com.au
Property History for 5/31 Council Ave, Rockingham, WA 6168
- 20 Aug 2024Sold for $1,126,000
- 26 Jun 2024Listed for Sale Contact Agent
- 05 Oct 2021Sold for $985,000
Recent sales nearby
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0About Rockingham 6168
The size of Rockingham is approximately 12.9 square kilometres. There are 46 parks, covering nearly 24.0% of the total area. The population of Rockingham in 2016 was 14428 people. By 2021 the population was 15312 showing a population growth of 6.1% in the area during that time. The predominant age group in Rockingham is 60-69 years. Households in Rockingham are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rockingham work in a trades occupation.In 2021, 59.60% of the homes in Rockingham were owner-occupied compared with 59.90% in 2016.
Rockingham has 10,039 properties. Over the last 5 years, Houses in Rockingham have seen a 124.46% increase in median value, while Units have seen a 116.33% increase. As at 31 July 2026:
- The median value for Houses in Rockingham is $930,943 while the median value for Units is $649,896.
- Houses have a median rent of $630 while Units have a median rent of $550.
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